By Sherrod Banks and Barbara Herrera In a case of first impression, the North Carolina Court of Appeals in In re Blue Ridge Housing of Bakersville LLC[i] upheld a North Carolina Tax Commission decision that Cane Creek Village, a low-income housing development created with low-income housing tax credits (LIHTC), was tax exempt under N.C. Gen. Stat. § 105-278.6(a)(8). At issue was whether …

The Triangle Golf Challenge

In 2003, The Banks Foundation began holding annual golf tournaments to raise money for families who are moving from welfare to work and from public housing to private homeownership. The board approved an expansion of the Tournament to support other Triangle charities in 2013 and renamed the tournament as the Triangle Golf Challenge.